Citicorp Hires Cost-cutter Who Resigned From Kodak

On the record - NATIONAL

May 21, 1993

NEW YORK — Citicorp, the nation's largest bank, said Thursday it had hired turnaround expert Christopher Steffen, the former chief financial officer at Eastman Kodak Co., as senior executive vice president, effective in June. Steffen, known as an aggressive cost-cutter, will oversee the bank's productivity programs, audit and internal operations, Citicorp said. Steffen resigned unexpectedly from Kodak in April in an apparent management clash with Chairman Kay Whitmore.